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Absa InsuranceCompanyidirect Product Motor TrainingSummary of idirect Vehicle / Motor policy
Across the continent, there is a need to enhanceaccess to financial products and services.Who are we?Absa idirect is the direct insurance division of AbsaInsurance Company. Absa Insurance Company isa wholly owned and licensed subsidiary of AbsaGroup Limited.What we do?Absa idirect offers a range of personalcomprehensive insurance policy solutions, ourpolicy holder’s benefit from flexible, comprehensivecove, at an affordable monthly premium.Our solutions are not only designed to be friendlyon your pocket, but are tailored to be as flexible aspossible, to provide cover that best suits our clientsand their varying needs.These solutions are available nationally through ourcall centre, with qualified service specialists thatpay individual attention to our client’s insurancerequirements, we also have a dedicated claimsteam.Product Features Escalating cash back payments after 3, 4 and 5claim free years Competitive pricing with guaranteed premium for12 months Fixed excess from as low as R3 000 Discounts on motor vehicle premium if supportedby contents and buildings cover A personalized call centre experience Open driver policy Pothole cover Assistance with Road Accident Fund claims Shortfall cover
Across the continent, there is a need to enhanceaccess to financial products and services. Remote jammingRemote vehicle inspectionsNew for old vehicle replacementSubsidence and /or Landslip cover for loss ordamage to the insured property or buildingPersonal Legal Liability up to R5 000 000Injury to youOptional business contents coverAccidental damage coverDomestic Helpers and Guest propertyLoss of waterVeterinary feesEmergency Assist Accident Assist and Roadside Assist Home Assist Mechanical and Electrical Breakdown Jump-Start Service Tyre Change ServiceRunning out of fuelKeys locked in the vehicleTake me home serviceSafeguard services post a roadside breakdown inan unsafe area or post a break-in that leaves theproperty compromised.Contact UsTelephone: 0860 20 21 22Fax: 27 11 223 1718Absa idirect AssistTelephone: 0861 434 732Email (new business): idirect@absa.co.zaClient services: idirectamendments@absa.co.zaClaims queries: idirectclaims@absa.co.za
Motor vehicle sectionSUVSedanHatchbackStation wagonsCoupéCabriolet
Types of vehicles and caravan contentsPeople carrierExtended cabLDVs (Double cab)Single cab
Types of vehicles and caravan contentsCaravansMotorcycles (including sidecars)TrailersCaravan contents
Vehicle types excluded and Caravan contents limits:VehiclevalueexceedingR1.5 millionMotorcyclesexceedingR250 000CaravansandtrailersexceedingR300 000Contents of aCaravan up toR1 000 for anyone article anda maximum ofR20 000 forany one claim.
Vehicle types ercialriskVehicles notfound at SAdealershipsRebuiltvehicles(Code 3)
Vehicle usage optionsHousewife/Pensioner:Private:Social and domestic purposes only- nowork travel is included.Social and domestic use, including travelling toand from your permanent place of employment/education, but excluding business use as describedin category 4 below
Use optionsProfessional purposes:Business travel:Social, domestic and business travel such asdoctor call-outs, client consulting (auditing toan external company) or other minimal externalconsulting by a professionally qualifiedindividual or similar.Social, domestic and unlimited business travel asfor a sales person or similar job where the visitationof one or more different clients and/or companiesis required within a 12-hour workday period.
ExcessesVehicle and motorcycle: R 3000 – R50 000(flat excess options available) Additional excess for incident driver: Younger than 25 years old: R2 500 Driving licence less than two years old: R2 500Car sound: R500Window glass: R550Caravan and trailer: R800 to R15 000(flat excess options available)Cover options Comprehensive Cover Third-party, Fire and Theft Cover Third-party only
Comprehensive Cover Third Party Liability Fire and explosion Accidental Acts of nature Theft and hijacking Glass IncidentalThird-party fire and theft Damaged as a direct result offire, explosion, lightning orattempted theft or theft. Reasonable cost to storage and towing. Third-party Legal Liability
Third-partyliability onlyLegal liability tothird partiesCompensation for damagecaused to other parties or theirproperty.No compensation if the vehicleis damaged or stolen.We will cover the insured up to amaximum of R5 000 000 (five millionrand) for any one occurrence if theinsured becomes legally liable for:Legal Liability only.Claims that you will become legallyliable to pay to a third party, as a resultof an accident for which your insuredvehicle or a trailer, caravan or othervehicle with a mass of less than 3500kg, which is towed by your vehicle,is directly responsible. The maximumamount payable is R5 000 000 less anyexcess that might apply.
Legal liability to third parties(Not compensated for)If the vehicle claim is rejected, the liability claim will also be rejected.Legal responsibility covered by other insurance or legislation is excluded.Cover is excluded for death or bodily injury to any member of the insured’simmediate family, their domestic helper, any person who resides with theinsured, any person conveyed in a caravan, trailer or open vehicle, any persongetting into or out of a vehicle, any employee of the insured while in the courseof their employment and loss of or damage to property belonging to theinsured.Cover excludes loss or damage caused by vehicles not owned by the insuredand/or not purchased by the insured under a credit or similar agreement.
Legal liability to third parties(Not compensated for)No compensation for legalresponsibility for deathor bodily ivehiclenjurysuffered by:Any fare-payingpassengersAny person conveyed ina caravan, trailer or openvehicle, any person whilegetting into or out of a.
Legal liability(Not compensated for)Any passenger in or ona motorcycle, caravan ortrailer.Any passenger in or on anyvehicle being towed.Vehicle valuesDetermined by Mead & McgroutherTrade – lower valueRetail – higher valueMarket – average valueThe Absa idirect Vehicle Policycovers vehicles for the retail value –higher value.
General restrictionsGeneral conditionNo licenceUnavailability of partsUnder the influence of alcohol or drugsIf a part for the repair of yourvehicle is unavailable in SouthAfrica, we will pay for the importcosts of that part, subject to thetotal cost of repair not exceeding70% of the value of the vehicle.Endorsed licenceTowing another vehicle for rewardHiring out the vehicle for rewardMotor tradeAny contest involving driving of anykind, racing or competition.
In the event of a valid claim, AIC can choose to:Choose to apply acombination of theseoptionsRepair or replaceCompensateby:Settle in cashPay a portion ofthe claimPremiumsCooling-off period of 31 daysGrace period of 31 daysMonthly premiums are required
Territorial limitsSouth biaZimbabwe Use is limited to social use only No liability cover outside these territories Financed vehicles require a border letter whentravelling to these approved territories
ibenefitibenefit:1. The insured will be paid back some of their premiums if they have notclaimed:2. If the insured did not claim for 36 consecutive months from the date ofinception, we will pay them back 10% of the premiums that they paid forthose 36 months.3. If the insured did not claim for the next 12 consecutive months, following theinitial 36 months of no claims, we will pay them back 15% of the premiumsthat they paid for those 12 months.4. For each consecutive 12-month period thereafter in which the insured didnot claim, we will pay them 20% of the premiums that they paid in that12-month period.5. The ibenefit reward will be processed within 45 days of the due date.
idirect Assist Benefit highlightsPlease refer to your policy wording on all terms and conditions relating to eachAbsa idirect assist benefit. Emergency AssistAccident and Roadside AssistHome AssistMechanical and Electrical BreakdownJump-Start ServiceTyre Change ServiceRunning out of fuelKeys locked in the vehicleTake me home serviceSafeguard services post a roadsidebreakdown in an unsafe area or posta break-in that leaves the propertycompromised.Absa Insurance Company Limited, an insurer licensed to conduct non- life insurance business and an authorised financial services provider (FSP 8030). Registration number 1992/001737/06. Terms and Conditions apply.
pay individual attention to our client's insurance requirements, we also have a dedicated claims team. Product Features Escalating cash back payments after 3, 4 and 5 claim free years Competitive pricing with guaranteed premium for 12 months Fixed excess from as low as R3 000 Discounts on motor vehicle premium if supported
